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Public Statements

Support Of The R&D Tax Credit In H.R. 4213

Floor Speech

Location: Washington, DC

* Mr. HOLDEN. Madam Speaker, I rise today to support the inclusion of the Research & Development tax credit in H.R. 4213, the American Workers, State, and Business Relief Act of 2010. The R&D tax credit is extremely important in providing funding to manufacturers and businesses for my district, the Commonwealth of Pennsylvania, and the entire country. The tax credit allows businesses, large and small, to develop new products and technology and in the process it creates millions of jobs. It has been renewed every year since its inception in 1986 and the current administration has proposed that the tax credit be made permanent.

* In the current economic climate, it is more important than ever for businesses to explore every avenue of tax savings, especially ones that reward innovativeness and creativity in our manufacturers. H.R. 4213 has already passed the House and the Senate. Before it is reconciled and enacted into law, I again offer my support for the inclusion of the R&D tax credit.

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